DWM 3Q26 Market Commentary: Different By Design
If 2026 has taught investors anything, it’s that markets rarely move in lockstep.
The first quarter was dominated by the war in Iran. The second quarter brought a powerful rebound in equities, fueled by strong corporate earnings and continued enthusiasm surrounding artificial intelligence. Then came the third quarter, when the Federal Reserve raised interest rates for the first time since 2023 and bond yields moved sharply higher.
The result? A little bit of everything.